03 December 2010

Miramax Sale Closes

Deadline.com:
All in all, $660 million is a very good price for Disney because film library values have taken a hit as DVD/video has flattened. True, Disney once placed a sky-high $1.2 billion pricetag on the Miramax library. Then the company hoped to get around $800 million, then $700 million, for Miramax, and this number comes awfully close to that.
The Miramax chapter was an interesting one for the Walt Disney Studios, but it was never a very good fit for the company.